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The first Harry Potter book was published in the United Kingdom by Bloomsbury in July 1997 and in the United States by Scholastic in September 1998, but not before Rowling had received $105,000 for the American rights – an unprecedented amount for a children's book by a then unknown author.[15] Fearing that American readers would not associate the word "philosopher" with a magical theme (as a Philosopher's Stone is alchemy-related), Scholastic insisted that the book be given the title Harry Potter and the Sorcerer's Stone for the American market.
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